Competition Law in India has been introduced for the effective implementation of policies in the market and to act against anti-competitive agreements. The main job of competition law is to maintain healthy competition in the market. Not only in India but also around the world, every country has its competition law to regulate their markets, Brazil has Antitrust laws that aim to protect free competition and prevent anti-competitive practices, with the Administrative Council for Economic Defense (CADE) as the enforcement body. The history of competition law can be traced back to the enactment of the Sherman Act and the Clayton Act, also known as antitrust laws, which were introduced in the USA around the 19^th and 20^th centuries, respectively. In India, the history of competition law can be traced back to the implementation of the MRTP Act 1969, Monopoly and Restrictive Trade Practices Act. In 2002, the MRTP was repealed by the Competition Act, which was passed by the parliament in 2002 and came into effect in 2009. The Competition Act 2002 was to promote competition in India and consider the interest of the public at large. After almost 20 years, the competition act was amended in 2023. The amendment focuses on enhancing regulatory efficiency, promotes fair competition, and addresses challenges posed by the digital economy. This research paper focuses on every aspect of the amendment like deal value thresholds, settlements and commitments, leniency provisions, and changes in penalties.